Suburb Profile Report for Leongatha VIC (3953)

Leongatha House: Median price $310,000, Annual capital growth 3.02%, Number of sales 104, Weekly median advertised rent $275

Leongatha Unit: Median price $279,500, Annual capital growth 3.91%, Number of sales 12, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Leongatha, 3953 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.81%.

The five-year average increase in median property values for Leongatha,3953 has given property investors a potential capital gain of 8.30% across each of those five years.

Vendor discounting in Leongatha is giving property investors an average Vendor Discount of around -5.47%. This puts suburb at number 326th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.

Renters in Suburb are facing rents around $3300 per annum or $275 every week.

At number 731th in the list of Australian suburbs ordered by increase in median house value over the last year, Leongatha, 3953 is in the top half with a property value increase of 4.49% recorded in median house prices.

Across a shorter period, Leongatha, 3953 has seen a median price increase of 3.52% over the last quarter.

In the last year 12 properties changed hands in Leongatha, which puts it as the 365th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Leongatha, 3953 is in the South Gippsland local government area.

HOUSE UNIT
$310,000 $279,500
0.00% 3.52%
0.81% 4.49%
3.02% 3.91%
$275 N/A
104 12
4.61% N/A
126.15 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 5332
Median household income ($/weekly) 947
Median age of persons 40
Median housing loan repayment ($/monthly) 1352
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 693 13.0
    25-34 years 616 11.6
    35-44 years 588 11.0
    45-54 years 677 12.7
    55-64 years 668 12.5
    Others 2090 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 1917 50.9
    Not Married 1463 38.9
    Defacto Relationship 384 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4592 90.1
    Japan 42 0.8
    New Zealand 63 1.2
    Papua New Guinea 45 0.9
    United Kingdom 171 3.4
    Others 183 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.8
    Christianity 3273 67.8
    Hinduism 10 0.2
    Other Religious Groups 9 0.2
    No Religion 1483 30.7
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 183 9.7
    $400-$599 264 13.9
    $600-$799 215 11.4
    $800-$999 225 11.9
    $1,500-$1,999 224 11.8
    Others 783 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1572 38.2
    Employed, worked full-time 1440 35.0
    Employed, worked part-time 821 20.0
    Employed, away from work 188 4.6
    Unemployed, looking for work 89 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 310 12.6
    Professionals 378 15.4
    Technicians & trades workers 408 16.6
    Clerical & administrative workers 310 12.6
    Sales 291 11.9
    Others 757 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 92 8.4
    Infants/Primary 441 40.2
    Secondary 333 30.4
    Technical or Further Educational Institution 115 10.5
    University or other Tertiary Institutions 79 7.2
    Others 37 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4535 93.5
    Semi-detached, row or terrace house, townhouse 228 4.7
    Flat, unit or apartment 68 1.4
    Caravan, cabin, houseboat 12 0.2
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 834 40.8
    Being purchased 660 32.3
    Rented 535 26.2
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals